LAHORE: Taro Technologies, a Lahore-based fintech startup, has raised $3.5 million in pre-seed capital from a mix of strategic partners and angel investors to establish a Buy-Now, Pay-Later (BNPL) venture in Pakistan.
“This partnership will enable us to be an established player straight out of the gate. Moreover, our collaboration with Cashew provides critical insights into risk, merchant acquisition, operations, and customer retention,” said Mustafa Khan, CEO of Taro Technologies on Tuesday.
The company has teamed with Dubai-based Cashew Payments — a BNPL leader in the Gulf Cooperation Council (GCC) — as part of its pre-seed investment to speed its 2022 Q1 launch and expansion.
“This partnership has put a Pakistani company on the global tech map for online instant financing solutions,” he continued.
